"We are going to fine, suspend or cut him. One or two of those three will happen," UFC president Dana White told MMA Fighting's Dave Meltzer.

White used the slur himself in 2009 and had repeatedly stressed since the incident the negative connotation the word has.

Diaz's manager Mike Kogan says the word isn't as serious as it's being taken. After the tweet, he cited the source urbandictionary.com and said "fag" is defined as "punk" and therefore not offensive to gays.